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Investors who lost money on Fly-E Group, Inc. (FLYE) should contact Levi & Korsinsky about pending Class Action - FLYE
Globenewswire· 2025-10-17 20:43
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2] Company Performance - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following the negative news, Fly-E's stock price plummeted from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before November 10, 2025 to Discuss Your Rights - FLYE
Prnewswire· 2025-10-17 12:45
Core Points - A class action securities lawsuit has been filed against Fly-E Group, Inc. for alleged securities fraud affecting investors between July 15, 2025, and August 14, 2025 [1][2] - The lawsuit claims that Fly-E made misleading statements regarding the safety of its lithium batteries, which negatively impacted E-vehicle sales revenue, despite optimistic long-term projections [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, linked to recent lithium-battery accidents [2] - Following this announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [2] Case Details - The lawsuit seeks to recover losses for investors who were adversely affected by the alleged fraud during the specified period [1] - Investors have until November 10, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4]
The Gross Law Firm Notifies Shareholders of Fly-E Group, Inc. (FLYE) of a Class Action Lawsuit and an Upcoming Deadline
Globenewswire· 2025-10-16 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Fly-E Group, Inc. about a potential class action lawsuit due to misleading statements regarding the safety of its lithium batteries, which negatively impacted E-vehicle sales and led to a significant drop in stock price [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Fly-E Group provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which adversely affected E-vehicle sales revenue [3]. - The company’s revenue projections were derailed as sales declined and operating expenses increased, despite optimistic long-term forecasts [3]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [3]. Stock Price Impact - Following the revelation of the company's financial difficulties, Fly-E's stock price plummeted from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, marking an approximate decline of 87% in just one day [3]. Class Action Details - Shareholders who purchased shares during the class period from July 15, 2025, to August 14, 2025, are encouraged to register for the class action, with a deadline of November 10, 2025, to seek lead plaintiff status [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered losses due to deceit and illegal business practices, ensuring companies adhere to responsible business practices [5].
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-10-14 19:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms issuing notices may lack the necessary experience and resources [3]. - The Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - In 2019, the firm secured over $438 million for investors, demonstrating its capability in recovering significant amounts for clients [3]. Group 3: Case Background - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in meeting revenue forecasts [4]. - The lawsuit claims that when the true information became public, investors suffered damages as a result [4].
FLY-E DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Fly-E Investors of the November 7th Deadline and Urges Investors to Contact the Firm
Globenewswire· 2025-10-14 16:20
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Fly-E (FLYE)To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Fly-E between July 15, 2025, to August 14, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar E ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of November 10, 2025 in Fly-E Lawsuit – FLYE
Globenewswire· 2025-10-13 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Fly-E Group, Inc. about a potential class action lawsuit due to misleading statements regarding the safety of its lithium batteries, which negatively impacted the company's E-vehicle sales revenue [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Fly-E Group provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, leading to a significant decline in E-vehicle sales revenue [3]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [3]. Stock Price Impact - Following the revelation of the company's financial difficulties, Fly-E's stock price plummeted from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, marking an approximate decline of 87% in just one day [3]. Class Action Details - Shareholders who purchased shares during the class period from July 15, 2025, to August 14, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for November 10, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to ensure responsible business practices by companies [5].
Fly-E Group, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - FLYE
Prnewswire· 2025-10-13 13:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Fly-E Group, Inc. about a potential class action lawsuit due to misleading statements regarding the safety of its lithium batteries, which negatively impacted the company's E-vehicle sales and stock price [1][2]. Group 1: Allegations and Impact - The complaint alleges that Fly-E Group provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, leading to a significant decline in E-vehicle sales revenue [1]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [1]. - Following the revelation, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares during the specified class period (July 15, 2025, to August 14, 2025) are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for November 10, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that artificially inflated stock prices [3].
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-10-11 17:30
Core Points - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities between July 15, 2025, and August 14, 2025, of the November 10, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - The lawsuit alleges that Fly-E provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4] Group 1 - The class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][5] - A lead plaintiff is required to act on behalf of other class members and must file a motion by November 10, 2025 [2] - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] Group 2 - The lawsuit claims that Fly-E's optimistic statements were contradicted by material adverse facts, leading to a decline in sales and increased operating expenses [4] - The firm has a history of significant recoveries for investors, including over $438 million in 2019 [3] - Rosen Law Firm has been recognized for its success in securities class action settlements, ranking in the top 4 since 2013 [3]
FLY-E REMINDER: Bragar Eagel & Squire, P.C. Urges Fly-E Investors to Contact the Firm Before the November 7th Deadline for the Filed Class Action Lawsuit
Globenewswire· 2025-10-10 19:40
Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for misleading investors regarding its revenue outlook and sales performance during the specified class period from July 15, 2025, to August 14, 2025 [2][7]. Allegation Details - The lawsuit alleges that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - On August 14, 2025, Fly-E reported a significant 32% decrease in net revenue compared to the same period in 2024, attributing this decline to a drop in total units sold due to safety concerns over lithium battery incidents [7]. - Following the revenue announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a single day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
Shareholders of Fly-E Group, Inc. Should Contact The Gross Law Firm Before November 10, 2025 to Discuss Your Rights - FLYE
Prnewswire· 2025-10-09 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a class action lawsuit due to misleading statements about the safety of its lithium batteries, which negatively impacted the company's E-vehicle sales revenue [1]. Summary by Sections Allegations - Defendants allegedly provided overly positive statements while concealing material adverse facts about the safety of Fly-E's lithium batteries, leading to a significant decline in E-vehicle sales revenue [1]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [1]. - Following this revelation, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by November 10, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].